President Donald Trump officially ended his predecessor’s “war on coal” Tuesday by signing an executive order to roll back a series of Obama-era climate-change regulations that had crippled the coal industry.
“My administration is putting an end to the war on coal,” Trump announced before signing the order, according to a White House transcript. “With today’s executive action, I am taking historic steps to lift the restrictions on American energy, to reverse government intrusion, and to cancel job-killing regulations.”
According to The Washington Times, a central piece of Trump’s executive order “nixes the federal government’s use of the obscure ‘social cost of carbon’ calculation, ending an Obama-era experiment that put an official price tag on greenhouse gas emissions.”
This metric, first established by the Obama administration, was frequently used by the Environmental Protection Agency to justify its burdensome regulations on the coal industry. The agency would simply argue that a particular regulation could save such and such dollars, meaning the benefits of its implementation would allegedly outweigh the drawbacks.
The problem was that the metric was faulty — essentially imaginary, according to conservative critics and industry groups.
“The social cost of carbon is an arbitrary and speculative metric that should never have been used to shape federal energy policy,” said Thomas Pyle, president of the conservative American Energy Alliance, in a statement released Tuesday.
Check out the president’s speech below:
Trump’s executive order also removed a three-year moratorium on new coal leases on federal lands, halted fracking restrictions on public land and ended requirements for energy companies to report methane emissions at oil and gas facilities, according to The Associated Press.
“The miners told me about the attacks on their jobs and their livelihoods,” Trump continued, during his speech Tuesday. “They told me about the efforts to shut down their mines, their communities, and their very way of life. I made them this promise: We will put our miners back to work.
“We’ve already eliminated a devastating anti-coal regulation — but that was just the beginning,” he added.
All in all, Tuesday was a terrific day not only for the Trump administration but for the coal industry and Americas as a whole, because fewer regulations means more coal, which in turn means more jobs, more money, more economic prosperity and more winning.
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